About Multichain
Multichain is a company based in Singapore (Singapore) founded in 2020 by Zhaojun Zhaojun. It operates as a Blockchain-as-a-Service. Multichain has raised $60 million across 2 funding rounds from investors including Binance, HashKey Exchange and Tron. Multichain offers products and services including Cross-Chain Router Protocol. Multichain operates in a competitive market with competitors including Axelar, LayerZero Labs Canada Inc, Push, Wormhole and Sending.Network, among others.
- Headquarter Singapore, Singapore
- Founders Zhaojun Zhaojun
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Multichain Maestro Pte. Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$60 M (USD)
in 2 rounds
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Latest Funding Round
$60 M (USD), Seed
Dec 20, 2021
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Investors
Binance
& 11 more
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Employee Count
Employee Count
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Products & Services of Multichain
Multichain offers a comprehensive portfolio of products and services, including Cross-Chain Router Protocol. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A protocol for cross-chain asset transfers is provided.
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Funding Insights of Multichain
Multichain has successfully raised a total of $60M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $60 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $60.0M
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First Round
First Round
(21 Oct 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Multichain | Valuation | Binance | |
| Oct, 2020 | Amount | Grant - Multichain | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Multichain
Multichain has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Binance, HashKey Exchange and Tron. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm
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Founded Year | Domain | Location | |
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Crypto-native investment firm focusing on Web3, DeFi, gaming, and infrastructure assets globally.
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Founded Year | Domain | Location | |
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Hypersphere Capital is focused on crypto-native investment opportunities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Multichain
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Multichain
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Multichain Comparisons
Competitors of Multichain
Multichain operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Axelar, LayerZero Labs Canada Inc, Push, Wormhole and Sending.Network, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for cross-chain communication for web3
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| domain | founded_year | HQ Location |
Omnichain interoperability protocol is enabled for decentralized applications across blockchains.
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| domain | founded_year | HQ Location |
Web3 communication network, enabling cross-chain notifications & messaging for dApps, wallets & services
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| domain | founded_year | HQ Location |
Blockchain interoperability is facilitated through a generic message-passing protocol.
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| domain | founded_year | HQ Location |
Online platform offering messaging protocol solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Multichain
Frequently Asked Questions about Multichain
When was Multichain founded?
Multichain was founded in 2020.
Where is Multichain located?
Multichain is headquartered in Singapore, Singapore.
Who is the current CEO of Multichain?
Zhaojun Zhaojun is the current CEO of Multichain. They have also founded this company.
Is Multichain a funded company?
Multichain is a funded company, having raised a total of $60M across 2 funding rounds to date. The company's 1st funding round was a Grant of $350K, raised on Oct 21, 2020.
What does Multichain do?
A solution for cross-chain asset transfers is provided by Multichain. The protocol enables interoperability between different blockchain networks. It is designed to facilitate secure and efficient transactions across chains. Focus is placed on blockchain technology and decentralized solutions.
Who are the top competitors of Multichain?
Multichain's top competitors include Axelar, LayerZero Labs Canada Inc and Push.
What products or services does Multichain offer?
Multichain offers Cross-Chain Router Protocol.
Who are Multichain's investors?
Multichain has 12 investors. Key investors include Binance, HashKey Exchange, Tron, BNB Chain, and Sequoia Capital.
What is Multichain's valuation?
The valuation of Multichain is $1.2B as of Dec 2021.
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